How does the endowment effect apply to investors? You’ll frequently hear investors talk about “my broker”, “my stocks” and “my mutual funds.”
What Dan Writes
Investors often tell me they need local advisors and accountants because they want to be able to meet with them “face-to-face.” Skype gives you the opportunity to do so with anyone in the world.
Make sure to pay yourself first. Set up an automatic savings plan that will serve as an emergency fund for the future. Don’t start your investment strategy until this essential is taken care of.
It’s painful for me to see so many of you headed for trouble by denying the obvious trend in fee compression. You should be losing sleep over it.
Jim Cramer’s “Mad Money” advocates specific stock picks. But Cramer’s picks consistently underperform the S&P 500 Index.
It’s all about fees. There are many fees that eat into your retirement nest egg. Here are some hot tips for dealing with these fees.